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Signs of revival turn lender bullish on India’s villages

Bloomberg The recovery in India’s rural economy is likely to curb bad loans and boost profit at financial companies that specialise in credit to the country’s villages, according to one of the biggest such lenders. Mahindra & Mahindra Financial Services Ltd., which offers loans for equipment and vehicles in 330,000 of India’s roughly 600,000 villages, is seeing business growing and ...

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China home prices rise in fewest cities in 5 months

Bloomberg China’s home prices rose in the fewest cities in five months in February, as the government’s almost two-year campaign to curb property speculation started to bite. New-home prices, excluding government-subsidised housing, gained in 44 of 70 cities tracked, compared with 52 in January, the National Bureau of Statistics said. Prices fell in 16 cities from the previous month and ...

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Toys ‘R’ Us eyes China funds in $1bn Asian sale

Bloomberg Toys ‘R’ Us Inc.’s creditors are pushing for a better deal for the Asian business. The unprofitable company, currently aiming to wind down its US operations, has asked for non-binding bids for its growing Asian unit by early April, according to people familiar with the matter. Toys ‘R’ Us is working with Lazard Ltd. on the sale process, seeking ...

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